Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Cash-thirsty Kenyans tap 5.5m loans from digital lenders
Digital lenders today find themselves encircled by three regulators, the CBK, the Office of the Data Protection Commissioner (ODPC), and the Competition Authority of Kenya (CAK).
The digital lending craze remain alive despite the recent barrage of regulations aimed at keeping order in the fast-rising market segment.
When former Central Bank of Kenya (CBK) governor Patrick Njoroge went all-in on digital credit providers, accusing them of lending malpractices, the dawn of regulation under his watch was expected to widely clip the wings of the Digital Credit Providers (DCPs).
